A small advisory board move adds a bigger capital markets angle to Wilmac

A junior copper explorer adding an advisor does not always deserve much attention. Half the time these announcements read like housekeeping. This one is more useful because the background actually matches the stage the project is moving into. NovaRed appointed Gregory Fedun to its advisory board on May 7, 2026. He brings more than 30 years of experience advising public and private companies, with work across natural resources, project development and capital markets. That combination matters when a company is trying to move a copper-gold project from land position into fieldwork, partnership conversations and financing strategy.

Fedun has worked on projects across North America, South America, Africa and the Middle East, advised the UAE’s Al Mualla Royal Family on international projects and facilitated a $70 million business combination involving Anadarko Petroleum. That is the kind of resume that points to cross-border relationships, transaction experience and capital access rather than a basic technical appointment.

Wilmac project is described as 16,078 hectares in the Quesnel porphyry belt, southwest of Princeton, British Columbia and about 10 km west of Hudbay’s producing Copper Mountain Mine. For an early-stage copper-gold story, that gives investors a clear regional reference point while the company works through the next technical steps.

The company also said Fedun will help with development pathways, strategic partnerships and capital markets strategy around Wilmac. That is the line that makes the appointment worth reading past the headline. Copper exploration is not only about finding targets. The companies that keep moving usually need enough market support, partner interest and financing structure to keep technical work funded and visible.Copper already has the macro backdrop: AI power demand, grid expansion, electrification, defense and supply-chain security. What smaller explorers need is the business structure to stay relevant while that copper story gets larger.

NovaRed now has a large B.C. copper-gold footprint, a district reference near Copper Mountain and an advisor with 30+ years in natural resources, project development and capital markets. The appointment does not change the geology, but it strengthens the part of the company that has to talk to capital and potential partners before the next stage of Wilmac work.

As copper investors look harder at future supply, early-stage projects need more than acreage. They need credible technical plans and people who can open the right capital-market doors. This appointment adds that layer to Wilmac at the right moment.